Tag: Books

Retail Asia27/10/2023
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3min0
Amazon has delivered a stunning 244 percent growth in third-quarter net income as – in the words of one analyst – it overrides the slight slowdown impacting the wider US consumer economy. The e-commerce giant booked a net income of $9.9 billion during the third quarter of FY23, which GlobalData MD Neil Saunders attributes to […]

Retail Asia25/08/2022
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1min0
Leading bookstore chain Fahasa saw its first half profits surging 65% to VND15.4 billion (US$657,000). Revenues rose by 10.8% to VND1.77 trillion. It had an excellent second quarter with profits of VND11.05 billion on sales of VND1.13 trillion. For the full year it targets profits of VND18 billion and revenues of VND3.5 trillion, up 3,051% […]

Retail Asia03/03/2022
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3min0
Amazon is closing most of its physical stores, the company announced today, with all 68 of its Amazon Books, Amazon 4-Star, and Amazon Pop Up locations across the US and the UK set to close while the company refocuses on its grocery and fashion stores. Amazon Books was one of the primarily online storefront’s first physical […]

Retail Asia19/11/2020
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Eslite Spectrum Corp (誠品生活), which runs the Eslite bookstore chain in Taiwan and abroad, yesterday inked an agreement with Malaysia’s YTL Corp Bhd to open a branch in downtown Kuala Lumpur in 2022. The two sides signed the partnership via a teleconference to launch the Taiwanese bookstore brand in YTL’s mixed-use property The Starhill in […]

Retail Asia21/10/2020
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2min0
Famed Japanese franchise Tsutaya Bookstore said at the ongoing Shanghai Book Fair that its first branch in the city is scheduled to open in December. The bookstore chain has joined hands with major Chinese property developer Vanke to build an artistic outlet in the Changning District of Shanghai, which will be on a par with […]

Retail Asia15/06/2020
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2min0
With the coronavirus pandemic prompting the growing popularity of ‘untact consumption’, South Korea’s publishing industry is seeing online book sales outstrip offline sales. Kyobo Book Center, the No. 1 online and offline bookstore in South Korea, says that its book sales via mobile and web platforms this year comprised 33.4 percent and 22.9 percent, respectively, […]

Retail Asia12/06/2020
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2min0
Malaysian bookstore chain MPH is closing multiple stores as it moves to a digitally-driven omnichannel business model. The company is not closing down, despite much speculation on social media concerning the impending closure of multiple stores. A recent Facebook post revealing nine MPH stores in the process of shutting shop went viral, with many users […]

Retail Asia27/03/2020
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2min0
E-commerce platform JD has helped boost bookstore sales in China during the coronavirus outbreak. Last month, sales of two children’s bookstores – Caldecott Bookstore and Zhongshang Children’s Books – increased by 221.6 percent and 282 percent respectively, year on year. According to JD, the increased bookstore sales in China are attributed to consumers staying home […]

Retail Asia10/10/2019
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1min0
Taiwan’s Eslite bookstore chain is set to launch its first outlet in Tokyo this week. The store opening marks Eslite Spectrum Corp’s 30th anniversary as well as the first time for the firm to start-up business in a territory where Chinese is not spoken. The 50th Eslite location, it will trade in books and other […]

Retail Asia20/09/2019
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1min0
new bookstore in Shanghai’s Minhang District has been featured on designboom.com for its remarkable design. The Zhongshuge Minhang store was created by Chinese architectural firm X+living and installed in a third-floor business park location. The store features a black book wall with groups of peg-top bookshelves under a soft light, as well as a text-covered curtain wall […]

Retail Asia05/09/2019
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4min0
China’s cultural and creative industries are entering a positive era, according to a new report by Mintel, Cultural And Creative Products Retailing. And cafes and bookstores in China are among the primary beneficiaries. The firm found that with China shifting from a primarily manufacturing economy toward a more service- and creative-centric one, Chinese consumers are […]

Retail Asia14/08/2019
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3min0
Asia Music Investments (AMI) has bought a music-book business and expanded its operations and distribution partnerships with major publishers. The company has taken over the music-book distribution business from Gramercy Music, which occupied 2700sqft of space on Bukit Timah Road. AMI says the S$1.2 million acquisition and investment is a strategic move to expand its […]

Retail Asia16/07/2019
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1min0
The Popular bookstore at Thomson Plaza has closed after 31 years. The outlet, which has traded since 1988, has been closed due to what the owners describe as “lease issues”. Popular invited its customers to share their memories of the Thomson Plaza store in a Facebook photo contest which will end tomorrow. Three winners will […]

Retail Asia01/07/2019
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3min0
Booktopia has pulled out of plans to raise $10 million from customers and everyday Australians after struggling to reach its minimum goal for investment. The business announced last year that it was looking to raise at least $3 million and up to $10 million through the crowdfunding platform Equitise. At the time, it was publicised […]

Retail Asia01/05/2019
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2min0
India’s Bharti Airtel has expanded its OTT portfolio with the launch of a new app store for e-books. The Airtel Books app currently offers over 70,000 e-books from Indian and international authors, including some of the latest launch titles. The app will include a subscription service offering access to a curated selection of the e-books, […]


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